Illinois Real Estate Acronyms

1. ILLINOIS REAL ESTATE
ACRONYMS
MARKI LEMONS-RYHAL

2. TERMINATION OF AGENCY
BADD MICE
B Bankruptcy
A Abandonment
D Destruction
D Death
M Mutual Agreement
I Incapacity
C Completion
E Expiration

3. FIDUCIARY RESPONSIBILITIES
OLD CAR
O Obedience
L Loyalty
D Disclosure
C Confidentiality
A Accountability
R Reasonable Care

4. UNLICENSED ASSISTANT
SEA
S Secretarial
E Errands
A Administrative

5. 5 ANTI-TRUST LAWS
TAR GAP
T Tie In Agreement
A Allocation of
Customers
R Restrain of Trade
G Group Boycotting
A Allocation of markets
P Price Fixing

6. GOVERNMENT POWERS
PETE
P Police Powers
E Eminent Domain
T Taxation
E Escheat

7. FIXTURES
I Intention
A Annexation
A Adaption
A Agreement

8. REAL PROPERTY
ECONOMIC CHARACTERISTICS
P Performance of
Investment
I Improvements
S Scarcity
A Area of Preference

9. REAL PROPERTY
PHYSICAL CHARACTERISTICS
Invest In Us
I Immobility
I Indestructibility
U Uniqueness

10. REAL PROPERTY
BUNDLE OF LEGAL RIGHTS
D Disposition
E Enjoyment
E Exclusion
P Possession
C Control

11. VALID LEASE
CLOAC
C Capacity to
Contract
L Legal Objectives
O Offer
A Acceptance
C Consideration

12. MARKI LEMONS-RYHAL